Richard J Resch Foundation Ltd
- Assets
- $42.2m
- Revenue
- $6.2m
- Investments
- $28.8m
- Employees
- 0
- Location
- Green Bay, WI
- Founding
- 09/1990
- Data as of
- 12/2022
- EIN
- 39-1653788
Organization Overview
Richard J Resch Foundation Ltd is located in Green Bay, WI. The organization was established in 1990. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Richard J Resch Foundation Ltd is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Richard J Resch Foundation Ltd generated $6.2m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 47.1% each year . All expenses for the organization totaled $5.9m during the year ending 12/2022. While expenses have increased by 52.7% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Richard J Resch Foundation Ltd has awarded 54 individual grants totaling $20,127,213. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard J Resch Pres/treas | 0 | $0 | |
Sharon J Resch Vice-President | 0 | $0 | |
Gerald C Condon Jr Secretary | 0 | $0 | |
Dan Mahlik Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,000,000 |
| Interest on Savings | $111,693 |
| Dividends & Interest | $540,755 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $575,119 |
| Capital Gain Net Income | $575,119 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $6,227,567 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $70,450 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $140,142 |
| Total operating and administrative expenses | $249,955 |
| Contributions, gifts, grants paid | $5,625,000 |
| Total expenses and disbursements | $5,874,955 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $10,958,528 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $2,000 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $2,456,529 |
| Total assets | $42,206,390 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $16,025,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $16,025,000 |
Grants Awarded
Over the last fiscal year, Richard J Resch Foundation Ltd has awarded $5,625,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
MASSACHUSETTS INSTITUTE OF TECHNOLOGY PURPOSE: CAMPUS-WIDE CAPITAL RENEWAL FUND | $600,000 |
BROWN COUNTY - RESCH EXPO CENTER PURPOSE: RESCH EXPO CENTER | $500,000 |
MASSACHUSETTS INSTITUTE OF TECHNOLOGY PURPOSE: CREW BOATHOUSE RENOVATION FUND | $2,000,000 |
BAIRD CREEK PRESERVATION FOUNDATION PURPOSE: BIKING SKILLS COURSE | $25,000 |
GRACELAND UNIVERSITY PURPOSE: MORDEN CENTER RENOVATION | $500,000 |
UNIVERSITY OF WISCONSIN GREEN BAY SCHOOL OF ENGINEERING PURPOSE: SCHOOL OF ENGINEERING FUNDSCHOOL OF ENGINEERING FUND | $1,000,000 |